Risk is prevalent in all industries. In the Life Sciences in particular, organizations must be extremely careful to ensure the safety and quality of all products, as they affect health and well-being. It's critical for those in the medical device industry to stay on top of possible risks to ensure each product is of the highest level of quality to ensure the safety of consumers.

One of the best ways of assessing risk within the medical device industry is through automated risk management. Risk management enables companies to catch adverse events at the root cause, so you can make changes to ensure this risk doesn’t repeat itself.

In the Life Sciences, investing time into improving processes is a surefire way to ensure a product prevails. How?

By making every process a risk-based process.

The Compliance Management System’s Risk Management tool provides a history of risk and tracks identifying trends with a risk analysis across multiple departments. This provides a corporate-level report on risk and enterprise risk management. Creating visibility enables an organization to ensure continuous improvement. In allowing companies to build portfolios for individual products, the enterprise is able to leverage previous risk assessments and reset them all the way back to product design if need be. This quickly identifies the appropriate risk level, enabling risk to be filtered by criticality, rather than the order in which events enter the system.

Using automated Risk Management processes helps companies reduce the number of CAPAs sent by filtering non-critical events form the critical events—this means you have visibility into the events that are most critical to your organization so you can make changes to prevent recurrence of these events.

If you are like the many companies out there trying to keep up with the market and maintain a high level of compliance, turn to VERSE. We provide you with solutions for total quality management. Don't just follow—lead the charge in the industry and check out the VERSE total Quality, EHS and GMP Compliance Management Software, solutions.